While full-time metaverse jobs have become more scarce, the number of freelance gigs for metaverse-related services like avatar development and 3D design has more than quadrupled. — Technology vector created by freepik - www.freepik.com or Freepik
Meta Platforms Inc, grappling with its first-ever quarterly sales slump, now has another problem: Jobs in the metaverse are disappearing.
New monthly job postings across all industries with "metaverse” in the title declined 81% between April and June, according to workplace researcher Revelio Labs, after surging in the months following Facebook’s rebranding last fall. The dropoff coincides with a broader slowdown across the tech sector, which has prompted layoffs and hiring freezes, leaving workers from the Bay Area to Bangalore increasingly rattled. Job postings in tech hubs like San Francisco and Austin, Texas, dropped 8.4% in the past four weeks, according to job site Indeed.
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